Liberty Allstar Equity Fund (USA)

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Liberty All-Star Equity Fund Announces New Portfolio Manager
October 08, 2003 10:37:00 (ET)
BOSTON, Oct 8, 2003 (BUSINESS WIRE) -- The Board of Trustees of Liberty All-Star Equity Fund have appointed Pzena Investment Management, LLC as one of the Fund's five investment managers effective October 15, 2003, replacing Oppenheimer Capital, LLC.
Richard S. Pzena, founder and president of Pzena, will serve as the portfolio manager to the Fund. Prior to forming the firm in 1995, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. He has 18 years of investment experience.
Mr. Pzena and his investment team, which includes portfolio managers John P. Goetz and A. Rama Krishna, practice a large-capitalization value investment style which will be used to manage their portion of the Fund's assets. Liberty All-Star Equity Fund's other four portfolio managers are Boston Partners Asset Management, L.P., Mastraspasqua Asset Management, Schneider Capital Management and TCW Investment Management Company.
Liberty Asset Management Company is the fund manager of the All-Star Equity Fund, a multi-managed, closed-end investment company with more than $1.0 billion in net assets. The Fund's shares are listed on the New York Stock Exchange under the symbol USA.
SOURCE: Liberty All-Star Equity Fund
Liberty Asset Management
Mark Haley, 617-772-3626
www.all-starfunds.com
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